Cost of Living in Marlboro

Marlboro, is a suburban township located in Monmouth County, known for its family-friendly environment and relatively high standard of living. The cost of living in Marlboro is generally higher than the national average, reflecting the area's desirability and proximity to major cities like New York. Housing costs are a significant component of the overall cost of living in this area. As of my knowledge cutoff in early 2023, the median home value in Marlboro is quite high, with 3-bedroom homes typically ranging from $450,000 to $600,000, while 4-bedroom homes can range from $550,000 to $800,000 or more, depending on the location, size, and amenities of the property.

Apartment rentals in Marlboro also reflect the higher cost of living. A 1-bedroom apartment might start around $1,500 per month, while a 2-bedroom apartment can range from $2,000 to $2,500 per month or more. For those interested in purchasing an apartment or a condo, prices can vary widely based on the size and location, but it's not uncommon for prices to start in the $300,000 range and go up from there.

When it comes to dining out, Marlboro offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A typical meal at an inexpensive restaurant might cost around $15 to $20 per person, while a three-course meal at a mid-range restaurant could be around $50 to $75 per person, not including drinks, tax, or tip.

Utilities, including electricity, heating, cooling, water, and garbage, can cost around $150 to $250 per month for a standard household, though this can fluctuate based on usage and the size of the home. Internet services typically add another $60 to $100 per month.

Private school tuition in Marlboro can be a significant expense for families. Preschool costs can range from $10,000 to $20,000 per year, depending on the program's quality and duration. Elementary and middle schools can cost between $10,000 and $30,000 per year, while private high schools can range from $15,000 to $40,000 or more annually. These costs are highly variable and depend on the institution's reputation, facilities, and the breadth of the educational program offered.